Guggenheim Maintains Buy on Kontoor Brands, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Robert Drbul has maintained a Buy rating on Kontoor Brands (NYSE:KTB) and raised the price target from $80 to $100.
November 01, 2024 | 7:30 pm
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Guggenheim has reaffirmed its Buy rating on Kontoor Brands and increased the price target to $100, indicating confidence in the company's future performance.
The increase in the price target from $80 to $100 by Guggenheim suggests a positive outlook on Kontoor Brands' future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100